The royalty rate shall not be higher than the standard international rate.
The royalty rate may be fixed or subject to annual increase or decrease.
Notwithstanding clause 7.3, if the royalty due on any project is less than US2000, then a shall in lieu of the royalty calculated by reference to the royalty rate, pay a minimum fee of US2000 to b.
This arrangement would enable the cumulative royalty rate for W-CDMA to be set at a modest single digit level.
So I told the salesman that we can handle the order, but the royalty rate should be lower than before, he said that's not important…Well, It touched me a little.
Pandora is finally on safe ground with a long-term agreement for survivable royalty rates.
